Greetings scout, thank you. Yes, it appears the s
Post# of 11899
Posted On: 02/20/2014 6:15:30 PM
Greetings scout,
thank you. Yes, it appears the stock continues to fluctuate and the volatility has been rather high recently (last few weeks) as compared with the historic price chart (last year to two years). Then again, the average volume has been much much higher than average volume levels in the past so it appears that a greater number of participants are trading and when this happens initially in a stock, there is a tendency for the price to fluctuate wildly because traders and investors may not have a grasp on the fundamentals so they trade first and then ask questions later. This means that the valuation of the company is being decided in real-time by market prices traded by many new participants. It is not surprising that so much new money does not quite know how to value the company yet. Indeed the company is in a state of transition so there are many unknowns and speculation reigns supreme in such periods. There are many uncertain events approaching so there could be positives (accomplishments) and there could be negatives (disappointments), it is difficult to price-in the uncertainty the company has in it's future. Investors just cannot know what the future will bring and so consequently the stock is volatile and the volatility and initial price spike typically pulls in interested speculators (traders/investors) looking to make a trade and profit off of the volatility. This is normal, especially in PK and OTC stocks.
I agree that it would likely be a positive for the company if they already had a real dry herb vaporizer product out on the market but according to the CEOs statements, such a new device is coming, soon. Management provided a video of the new device but it was a prototype.
I happen to believe the entire sector got a big boost many weeks back when some substantial developments were happening in the MMJ sector (industry wide), but with RFMK becoming a holding company, I wonder if RFMK should be grouped with the MMJ stocks anymore. All we know for now is that at some point we expect a new vaporizer to be launched but it is to be a dry herb vaporizer; obviously everyone first thinks of MMJ uses but the device should not be constrained to just that market. I think that was the mistake made with the "CANNAcig", another reason why owning the name/label "CANNAcig" is absolutely useless, it means nothing because using that trademark to market a product can cause a company more harm than good as far as the public's perception of the company. But I digress.
I think finishing the financial audit for all of 2011 and 2012 was a massive undertaking and it is a very good sign the audit firm was able to accomplish that corporate goal. Now we can look forward to audited financials for 2013 and an audited 10K submitted to the SEC. The form 10 was already submitted and now has audited financials so becoming fully reporting with the SEC could be next on the menu for RFMK. Always remember though, there is the stock and there is the company, they clearly are not one and the same. So in my opinion, the stock happens to reside in the PK scum swamp of tickers, so the PPS fluctuations will do what they do, there is zero predictability there, but as for the company, who knows, we shall see, perhaps many corporate accomplishments will be realized soon in order to build shareholder value.
Do or do not, there is no try.
GLTA
$RFMK!
thank you. Yes, it appears the stock continues to fluctuate and the volatility has been rather high recently (last few weeks) as compared with the historic price chart (last year to two years). Then again, the average volume has been much much higher than average volume levels in the past so it appears that a greater number of participants are trading and when this happens initially in a stock, there is a tendency for the price to fluctuate wildly because traders and investors may not have a grasp on the fundamentals so they trade first and then ask questions later. This means that the valuation of the company is being decided in real-time by market prices traded by many new participants. It is not surprising that so much new money does not quite know how to value the company yet. Indeed the company is in a state of transition so there are many unknowns and speculation reigns supreme in such periods. There are many uncertain events approaching so there could be positives (accomplishments) and there could be negatives (disappointments), it is difficult to price-in the uncertainty the company has in it's future. Investors just cannot know what the future will bring and so consequently the stock is volatile and the volatility and initial price spike typically pulls in interested speculators (traders/investors) looking to make a trade and profit off of the volatility. This is normal, especially in PK and OTC stocks.
I agree that it would likely be a positive for the company if they already had a real dry herb vaporizer product out on the market but according to the CEOs statements, such a new device is coming, soon. Management provided a video of the new device but it was a prototype.
I happen to believe the entire sector got a big boost many weeks back when some substantial developments were happening in the MMJ sector (industry wide), but with RFMK becoming a holding company, I wonder if RFMK should be grouped with the MMJ stocks anymore. All we know for now is that at some point we expect a new vaporizer to be launched but it is to be a dry herb vaporizer; obviously everyone first thinks of MMJ uses but the device should not be constrained to just that market. I think that was the mistake made with the "CANNAcig", another reason why owning the name/label "CANNAcig" is absolutely useless, it means nothing because using that trademark to market a product can cause a company more harm than good as far as the public's perception of the company. But I digress.
I think finishing the financial audit for all of 2011 and 2012 was a massive undertaking and it is a very good sign the audit firm was able to accomplish that corporate goal. Now we can look forward to audited financials for 2013 and an audited 10K submitted to the SEC. The form 10 was already submitted and now has audited financials so becoming fully reporting with the SEC could be next on the menu for RFMK. Always remember though, there is the stock and there is the company, they clearly are not one and the same. So in my opinion, the stock happens to reside in the PK scum swamp of tickers, so the PPS fluctuations will do what they do, there is zero predictability there, but as for the company, who knows, we shall see, perhaps many corporate accomplishments will be realized soon in order to build shareholder value.
Do or do not, there is no try.
GLTA
$RFMK!
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